Description:President Obama is expected to nominate former Procter & Gamble chief executive Bob McDonald as the new head of the Department of Veterans Affairs. McDonald was at Procter & Gamble for 33 years before resigning in May 2013. He also has a military background, having graduated in the top 2 percent of his class at the U.S. Military Academy in 1975 and serving as a captain in the Army.(1:03)